Indicate on the blanks below the effect (I = increase, D = decrease, NE = no effect) of a stock split on each of the items listed.
_____ 1. Assets
_____ 2. Balance of Common Stock account
_____ 3. Total contributed capital
_____ 4. Total retained earnings
_____ 5. Total stockholders' equity
_____ 6. Par value per share
_____ 7. Total number of shares outstanding

Question

Quizplus · Accepted Answer

The Answer of Indicate on the blanks below the effect (I = increase, D = decrease, NE = no effect) of a stock split on each of the items listed.
_____ 1. Assets
_____ 2. Balance of Common Stock account
_____ 3. Total contributed capital
_____ 4. Total retained earnings
_____ 5. Total stockholders' equity
_____ 6. Par value per share
_____ 7. Total number of shares outstanding

Indicate on the Blanks Below the Effect (I = Increase